Did you know the ECB is printing 3x the entire Market Cap of Bitcoin in fiat every month?steemCreated with Sketch.

To put the current Bitcoin price into perspective... Did you know the European Central Bank (ECB) is printing 3x the entire market capitalization of Bitcoin in fiat every month?

The ECB is buying 60 billion euros of assets a month with newly created money!
At the current Bitcoin price of $1230 the Bitcoin market capitalization stands at 20 billion in US Dollar (18.37 billion Euro). This means that instead of buying government bonds the European Central Bank could buy all Bitcoin in existence every 10 days at the current Bitcoin price.

Market capitalization

Asset

Market Cap in millions of USD

Gold

$7,734,000

Silver

$900,000

Bitcoin

$20,104

Steem

$58

TL;DR:

Banksters are crazy!

Bitcoin is still cheap :)

This is a 100% Steem Power post!
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This post has been ranked within the top 80 most undervalued posts in the second half of Apr 18. We estimate that this post is undervalued by $1.58 as compared to a scenario in which every voter had an equal say.